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Cathay woes pile up as passenger figures dip again in September

Published by Yahoo on Fri, 18 Oct 2019


Cathay Pacific cut its economic outlook on Friday following a second successive drop in monthly passenger traffic after the airline faced a backlash from Beijing over Hong Kong's heated pro-democracy protests. The marquee brand has had a torrid few months, coming under fire from Chinese state media and authorities because some of its 27,000 employees took part in -- or were sympathetic to -- the anti-government demonstrations. Overall passenger traffic fell 7.1 percent in September, the airline said, with inbound traffic into its Hong Kong hub plunging 38 percent for the second month running.
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